DUBLIN--(BUSINESS WIRE)--The "Middle East & Africa Epoxy Resins Market - Segmented by Raw Material Type, Application, and Region - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The Middle East & Africa epoxy resins market is expected to witness a CAGR of 6.18%, in terms of revenue, during 2018 to 2023.
Saudi Arabia dominates the regional market, in terms of revenue, and accounted for more than 34% of the regional share, as of 2017. Epoxy resins are a group of synthetic resins, which are used to make adhesives and plastics. Owing to their versatility, high resistance to chemicals, durability, excellent adhesion, toughness, high electrical resistance, strong durability at both low and high temperatures, and ease they offer while pouring on cast without forming bubbles, epoxy resins have become an integral part of various commercial and industrial sectors.
The automotive coatings industry is expected to witness a rebound in the Middle East & Africa, with new production streams facilitated in Algeria and Morocco, amongst others. For example, Renault with its Japanese partner Nissan, is constructing an assembly plant in Tangier, at a cost of USD 1.2 billion. Renault Group operates two plants in Morocco, which has boosted its sales in the region. Renault's rival, PSA Peugeot Citroen, is also joining the MEA automotive market in 2018.
The South African government has planned to take new initiatives to promote investments and build up consumer confidence. Few major investments planned in South Africa include the investment of more than ZAR 6 billion for the Toyota manufacturing plant for Hilux & Fortuner vehicles in Durban, investment in new BMW body shop to manufacture BMW X3-series at Rosslyn's plant in Gauteng, and ZAR 1 billion investment in new factory in Ekurhuleni to manufacture trains.
- 3M Company
- Aditya Birla Chemicals
- BASF SE
- Changchun Chemicals
- Daicel Corporation
- Huntsman Corporation
- Olin Corporation
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Competitive Landscape
8. Company Profiles
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